Piab Group, the Hingham, Mass.-based maker of industrial vacuum conveyors and components in Hingham, Mass., has acquired Vaculex, a Swedish manufacturer of vacuum lifting equipment for industry.
The deal happened Dec. 30. Terms were not disclosed.
Vaculex, based in Mölndal, Sweden, makes ergonomic lifting equipment for a wide range of applications, including packaging, baggage handling and distribution and logistics.
Piab and Vaculex have complementary product offerings, and the combination of both companies will accelerate their global growth, officials said.
Paib makes a complete line of vacuum pumps and accessories, vacuum conveyors and suction cups for a variety of automated material handling and factory automation.
“We are convinced that this is a great match,” Piab CEO Anders Lindqvist said. “Our partners around the globe have repeatedly requested Vaculex-type products. This market is growing rapidly due to manual lifting operations being increasingly automated.”
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